Editor's choice – (Re)in Asia

Editor’s choice

kb-indonesia-assigned-b-good-fsr-bbb-good-long-term-icr-by-am-best

AM Best assigns KB Indonesia's ratings, expects improved stability with rise in premiums, motor business

August 16 2024

KB Indonesia has been assigned ‘B++’ (Good) FSR, and ‘bbb+’ (Good) Long-Term ICR by AM Best.

Chinese digital insurance broker Leading Group to go public via SPAC merger

August 16 2024

The merger with Healthcare AI Acquisition Corp on the Nasdaq will value Leading Group at approximately US$430m.

LIC India to take legal action vs ACESO’s insurance policy trading

August 15 2024

LIC India believes ACESO’s offering “poses a significant risk” to policyholders, exposing them to losses.

Surging medical inflation ramps up Malaysian insurers’ health claims

August 15 2024

The impact of rising medical procedure costs in Malaysia was worsened by a decline in the value of the ringgit last year.

China’s NFRA sets new solvency rules for online P&C insurers

August 15 2024

New guidelines will make it easier for some insurers to expand their presence, but industry faces restrictions on online specialty and motor policies.

singapore-life-insurance-industry-sees-30-4-growth-in-new-business-premiums-for-1h-2024

Singapore's life insurance industry sees 30.4% growth in new business premiums for 1H 2024

August 14 2024

Singapore’s life insurance sector recorded its best half-year new business performance since the pandemic, however claims also surged.

Meiji Yasuda to acquire American Heritage Life Insurance for US$2bn - report

August 14 2024

The acquisition, which is set to be finalised by June 2025, is part of a broader strategy by Japanese life insurers to expand abroad.

chinas-mortality-protection-gap-shrinks-6-in-2023-swiss-re

Mortality protection gap in China narrows as life insurance penetration rises

August 13 2024

Swiss Re reports a 6% reduction in China's mortality protection gap last year, though significant regional disparities remain.

rising-repair-cost-threaten-to-dent-aviation-insurers-profits

Rising repair costs threaten to dent aviation insurers' profits

August 13 2024

Aviation repair costs are on the rise but a drop in ‘mask rage’ has seen cabin disruption claims fall since the Covid 19 pandemic ended.

allianz-makes-offer-to-acquire-majority-stake-in-singapores-income-insurance

Allianz CEO anticipates double-digit ROI from Income Insurance acquisition

August 13 2024

CEO Oliver Baete sees growth opportunities in underwriting, claims, and product design, and emphasises acquisition is a partnership, "not a sellout."

Lloyd’s and Lloyd’s China's ratings upgraded following improved underwriting performance

August 12 2024

Expense ratio continues to be higher than peers, but actions are being taken to reduce the cost of placing business at Lloyd’s, says AM Best.

Higher living costs, mental health concerns drive demand for affordable life insurance in Australia: CALI

August 12 2024

New study from the Council of Australian Life Insurers highlights need for financial advice and accessible information about life insurance products.

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